US Point-of-care Diagnostics Market to Reach Revenues of $11 Billion During 2019-2024- Market Research by Arizton

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Feb 07, 2019, 11:00 ET

CHICAGO, Feb. 7, 2019 /PRNewswire/ -- Arizton's latest research report states that the US point-of-care diagnostics market is expected to generate revenues of around $11 billion by 2024, growing at a CAGR of more than 7% during 2018–2024.

Key Highlights Offered in the Report:

POC molecular diagnostics will emerge as the next big thing by 2025.
Commercial launch of compact analyzers/instruments will boost the moderately growing POC analyzers/instruments segment in the US.
Influx of wearable medical devices, lab-on-a-chip technology, and smartphones will create investment opportunities for top vendors.
The introduction of advanced POC analyzers for infectious disease testing will transform the US market.
Fecal-occult tests such as Cologuard gains popularity in the US POC diagnostics market.
Development of POC analyzers with multiplexing capabilities will offer simultaneous on-site measurement of different analytes from a single sample.

Key Offerings:

Market Size & Forecast by Revenue | 2018-2024
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation - Detailed analysis of product, technology, usage type, and end-users in the US market
Competitive Landscape –Profile leading 3 key vendors, 3 emerging companies, and 14 other prominent players

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US POC Diagnostics Market - Dynamics

The rising application of microfluidic technologies to develop and commercialize advanced clinical diagnostic analyzers will lead to the launch of innovative POC systems in the US market. A few commonly used microfluidics-based analyzers in the market are blood chemistries, nucleic-acid amplification tests, immunoassays, and flow cytometry.

Key drivers and trends fueling the growth of the US market are:

New Product Approvals/Launches
Increasing Number of CLIA Waiver POC Tests
Robust Pipeline and Investigational POC Diagnostic Devices

US POC Diagnostics Market – Segmentation

This market research report includes a detailed segmentation by product, technology, usage type, and end-users.

Blood glucose testing dominated the market share in 2018.
Home care is the fastest growing segment in the market, growing at a CAGR of over 7% by 2024.

- Market Segmentation by Product

POC Analyzers
Consumables

- Market Segmentation by Application

Blood Glucose Testing
Cardiovascular and Metabolic Testing
Infectious Disease Testing
Blood Coagulation Testing
Hematology Testing
Cancer Testing
Drugs of Abuse Testing
Pregnancy and Fertility/Ovulation Testing

- Market Segmentation by Usage

Professional POC Diagnostics
At-home POC Diagnostics

- Market Segmentation by End-users

Professional Healthcare Settings
Home Care
Others

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Major vendors in the US market are:

Abbott
F. Hoffmann-La Roche
Siemens Healthineers

Key companies to watch are:

Danaher
LifeScan
Ascensia Diabetes Care Holdings
Quidel
BD

Other prominent vendors include Abaxis, Acon Laboratories, AgaMatrix, Arbor Vita, bioMérieux, Chembio Diagnostic Systems EKF Diagnostics USA, Exact Sciences, Instrumentation Laboratory, Meridian Bioscience, Sekisui Diagnostics, Sinocare, Sysmex America, Swiss Precision Diagnostics and Trinity Biotech.

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About Arizton:

Arizton – Advisory and Intelligence is a premium and innovation-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

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SOURCE Arizton Advisory & Intelligence